Tag: Circle

One of the main news related to cryptocurrencies was that Circle, the creator of USD Coin, was considering selling Coinbase or Ripple Labs before its initial public offer (OPI). It is likely that such movement has an impact on some cryptocurrencies.

This article explains some of the best cryptocurrencies to buy if Circle is sold to Coinbase or Ripple Labs. They include popular tokens such as XRP, Bitcoin Pepe and Stellar Lumens (XLM).

XRP

An agreement for Ripple Labs to acquire Circle would be good for Token XRP due to its impact on the business. The easiest fruit would be to integrate USDC into the XRP Ledger network.

Such movement would probably lead to more rates for the XRP Ledger network, which, in turn, would lead to higher rates for the network and burning of XRP tokens.

In addition, the USDC token will complement the recently launched Ripple Usd (RLUSD), which has earned a market capitalization of more than 313 million dollars.

The Token XRP has formed an inverse pattern of head and shoulders, a popular bullish sign. Its head section is at $ 1,1615, while the shoulder section is around 2 dollars.

XRP has moved above the exponential mobile socks (EMA) of 50 and 25 days. Therefore, there are possibilities that the price of XRP continues to rise as the bulls point to the key resistance point in 3 dollars, 27 % more than the current level.

XRP price

Stellar luminosity (XLM)

Stellar XLM is another of the main cryptocurrencies to buy if Ripple Buy Circle because Ripple’s small premium is often considered. Like Ripple, he intends to be an important actor in the payment industry through the introduction of low -cost transactions in the network. In addition, most of Stellar’s business is the management of the USDC Stablinin.

The XLM price has remained under pressure in recent months, going from a maximum of $ 0.6360 to the current $ 0.2870. On the positive side, it has moved above the EMA of 50 and 100 days. He has also formed a small bullish flag graphic pattern, a popular continuation sign.

Therefore, the price of XLM will rise in the coming weeks. If this happens, the next point to be monitored will be 0.50 dollars, which is approximately 75 % above the current level. A fall below the support of $ 0,2500 will invalidate the upward perspective.

XLM price chart

Bitcoin Pepe (BPEP)

Bitcoin Pepe is another of the main cryptocurrencies to buy this year. Currently in their presale, developers have raised more than 10 million dollars from investors, which makes it one of the best yield tokens sales.

Bitcoin Pepe aims to revolutionize the cryptocurrency industry by launching the first layer 2 centered in memecoins for bitcoin. It will be a faster network with instantaneous purpose and ultra casualties.

Bitcoin Pepe is launched at a time when there is demand for assets based on Bitcoin. For example, the total value blocked in the Bitcoin ecosystem has increased to more than 9 billion dollars, a figure that has continued to grow. You can buy the Bitcoin Pepe here.